Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.17B |
| 2 |
Netflix
NFLX
|
+$753M |
| 3 |
JPMorgan International Research Enhanced Equity ETF
JIRE
|
+$749M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$662M |
| 5 |
Walmart Inc
WMT
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.08B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$426M |
| 3 |
Meta Platforms (Facebook)
META
|
+$372M |
| 4 |
TSMC
TSM
|
+$331M |
| 5 |
Pinduoduo
PDD
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 94.23% |
| 2 | Technology | 1.7% |
| 3 | Consumer Discretionary | 0.84% |
| 4 | Communication Services | 0.67% |
| 5 | Financials | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
PUT
Keysight
KEYS
$54.7B
| $19.3M | ﹤0.01% |
95,200
-71,600
| -43% | -$13.3M |
|
2252
Alexandria Real Estate Equities
ARE
$9.01B
| $19.3M | ﹤0.01% |
395,158
+346,894
| +719% | +$20.4M |
|
2253
Dover
DOV
$27.4B
| $19.3M | ﹤0.01% |
99,036
+911
| +0.9% | +$166K |
|
2254
PUT
ProShares UltraShort S&P500
SDS
$392M
| $19.3M | ﹤0.01% |
282,300
+229,300
| +433% | +$16.2M |
|
2255
CALL
ProShares UltraPro Dow 30
UDOW
$875M
| $19.3M | ﹤0.01% |
333,400
+136,800
| +70% | +$7.65M |
|
2256
PUT
NetApp
NTAP
$37.1B
| $19.3M | ﹤0.01% |
180,100
-16,300
| -8% | -$1.86M |
|
2257
Sprott Physical Gold
PHYS
$16.5B
| $19.3M | ﹤0.01% |
583,129
+381,991
| +190% | +$12.1M |
|
2258
APA Corp
APA
$14.4B
| $19.3M | ﹤0.01% |
787,110
+424,749
| +117% | +$10.3M |
|
2259
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $19.2M | ﹤0.01% |
358,035
-36,900
| -9% | -$2M |
|
2260
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $19.2M | ﹤0.01% |
620,058
+480,120
| +343% | +$15M |
|
2261
PUT
ProShares Ultra Gold
UGL
$906M
| $19.2M | ﹤0.01% |
345,700
+265,000
| +328% | +$13.9M |
|
2262
PUT
Coeur Mining
CDE
$22.5B
| $19.2M | ﹤0.01% |
1,074,200
+548,900
| +104% | +$9.54M |
|
2263
Vanguard FTSE Developed Markets ETF
VEA
$238B
| $19.1M | ﹤0.01% |
306,324
+143,007
| +88% | +$8.76M |
|
2264
WIX.com
WIX
$3.58B
| $19.1M | ﹤0.01% |
+184,062
| New | +$22.3M |
|
2265
CALL
InterDigital
IDCC
$8.78B
| $19.1M | ﹤0.01% |
59,900
+1,400
| +2% | +$495K |
|
2266
CALL
Western Alliance Bancorporation
WAL
$8.5B
| $19.1M | ﹤0.01% |
226,800
-310,000
| -58% | -$25.2M |
|
2267
CALL
Sonos
SONO
$1.79B
| $19.1M | ﹤0.01% |
1,085,600
+827,000
| +320% | +$14.4M |
|
2268
PUT
Arch Capital
ACGL
$33.6B
| $19M | ﹤0.01% |
198,600
+119,100
| +150% | +$10.9M |
|
2269
CALL
West Pharmaceutical
WST
$24.6B
| $19M | ﹤0.01% |
69,200
-13,900
| -17% | -$3.8M |
|
2270
CALL
Bitwise Bitcoin ETF
BITB
$2.97B
| $19M | ﹤0.01% |
399,500
+189,900
| +91% | +$10.3M |
|
|
TERN
2271
CALL
DELISTED
Terns Pharmaceuticals
TERN
| $19M | ﹤0.01% |
469,600
+299,300
| +176% | +$6.92M |
|
2272
Gildan
GIL
$9.93B
| $19M | ﹤0.01% |
303,611
+297,706
| +5,042% | +$17.7M |
|
2273
CALL
Woodward
WWD
$20.4B
| $19M | ﹤0.01% |
62,700
-19,800
| -24% | -$5.45M |
|
2274
PUT
M&T Bank
MTB
$34.4B
| $18.9M | ﹤0.01% |
94,000
+4,600
| +5% | +$879K |
|
2275
CALL
Doximity
DOCS
$4.58B
| $18.9M | ﹤0.01% |
427,100
-114,100
| -21% | -$6.41M |
|
Similar funds
Jeff Yass's Q4 2025 Portfolio in Review
As of Q4 2025, Jeff Yass held 14,094 positions worth $868B, down 0.79% from $875B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2025 filing shows 1,864 new, 4,890 increased, 5,380 reduced and 1,914 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $2.08B.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- Jeff Yass's largest Q4 2025 buy was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M.
- Jeff Yass added most to Invesco QQQ Trust in Q4 2025, an estimated $1.17B increase.
- Jeff Yass's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.08B.
- Jeff Yass fully exited Innovator US Equity Power Buffer ETF September in Q4 2025, selling an estimated $26.5M.
- Jeff Yass's ten largest holdings make up 24% of its $868B portfolio in Q4 2025.
- Jeff Yass opened 1,864 new positions and closed 1,914 in Q4 2025.
- Jeff Yass's portfolio value fell 0.79% quarter-over-quarter to $868B.
Based on Susquehanna International Group's 13F filing for Q4 2025, filed 17 Feb 2026.